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DIVERSIFIED HUMAN RESOURCES GROUP, INC. REPORTS FINANCIAL RESULTS

 DALLAS, Sept. 20 /PRNewswire/ -- Diversified Human Resources Group, Inc. (the company) (OTC: HIRE) today reported operating results for 1992 and for the first six months of 1993.
 During 1992, the company had a loss of $841,000 ($.48 per share) compared to a loss of $1,896,000 ($1.08 per share) in 1991. The fourth quarter loss was $87,000 ($.05 per share) in 1992 as compared with a loss of $315,000 ($.18 per share) in the same period in 1991.
 During 1991, the company disposed of its assets associated with the business of providing temporary employees. In 1992, it repossessed those temporary assets after a purchaser defaulted upon its agreements. During 1993, it sold those repossessed temporary assets to unrelated parties.
 During 1991, the company also disposed of its assets associated with the permanent placement of personnel business. During 1993, it repossessed the Power Placement assets after the purchaser defaulted upon its agreements. As a result, the company is again engaged in the permanent placement of personnel business.
 In the first quarter of 1993, the company had a loss of $26,000 ($.01 per share) compared with a loss of $252,000 ($.14 per share) in the same period in 1992; no revenues were reported in either period. The company also had an operating loss of $145,000 ($.08 per share) and $347,000 ($.20 per share) in the second quarters of 1993 and 1992, respectively; in the second quarter of 1993, the company had revenues of $187,272.
 The company is evaluating the prospects of redirecting its activities into financial investments and natural resource management, and expects to explore potential opportunities in various activities. These activities may include asset management, the purchase and sale of notes and properties, and investments in oil and gas properties and other mineral interests.
 -0- 9/20/93
 /CONTACT: M. Ted Dillard, controller of Diversified Human Resources Group, Inc., 214-458-8500/


CO: Diversified Human Resources Group, Inc. ST: Texas IN: SU: ERN

SM -- NY095 -- 3849 09/20/93 16:47 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
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